UAE: Amlak Finance has reported a wider net loss of AED52.2 million (US$14.21 million) in the second quarter of this year against a net loss of AED597,000 (US$162,536) in the previous corresponding period. The higher loss is attributed to increased impairment charges, which doubled to AED61.2 million (US$16.66 million) from AED29.7 million (US$8.09 million) in the three-month period ended the 30th June 2010. Income from Islamic financing and investing assets slumped by 17.2% to AED130.8 million (US$35.61 million) compared to AED158 million (US$43.02 million) in 2010.